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Sun rises on park empire after £47m merger

The deal will make the combined business Britain’s biggest holiday park operatorSouth Lakeland Parks

Two of Britain’s biggest holiday park operators are to merge after the private equity firm that owns Park Resorts bought South Lakeland Parks for £47 million.

Electra Partners said that it would hand the operational control to Park Resorts under a management contract.

South Lakeland, which was previously owned by White Ocean Leisure, operates nine holiday parks in the Lake District and Morecambe Bay, from smaller caravan parks to larger holiday villages.

The combined business will be Britain’s biggest holiday park operator, with 48 sites across England, Scotland and Wales.

It will be run by David Boden, the leisure industry veteran who became chief executive of Park Resorts in July after completion of a debt refinancing that allowed Electra to assume majority control from GI…

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